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PPP Loan Data — Plantel Nurseries Inc, Santa Maria, CA

SBA PPP loan data, payroll data, and salaries for Plantel Nurseries Inc
CA

Plantel Nurseries Inc

Entity: Corporation

Industry: Nursery and Tree Production

Location: Santa Maria, CA

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Plantel Nurseries Inc is a corporation located at 2775 E Clark Ave in Santa Maria, California that received a Coronavirus-related PPP loan from the SBA of $2,846,957.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.85M

Jobs Retained:

300

Loan Approved:

2020-04-12

Lender:

COMMUNITY BANK OF SANTA MARIA

Plantel Nurseries Inc received a Paycheck Protection Loan of $2.85M through COMMUNITY BANK OF SANTA MARIA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Plantel Nurseries Inc's total 2019 payroll expenses were approximately $13.67M in order to qualify for the PPP loan amount received.

Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $45,551 per employee1.

Because the loan received by Plantel Nurseries Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Plantel Nurseries Inc in Santa Maria, CA

Plantel Nurseries Inc
2775 E Clark Ave
Santa Maria, CA 93455

Business Industry

Nursery and Tree Production (NAICS code 111421)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-24

Similar Companies near Santa Maria

In the Santa Maria area, 2 businesses in the "Nursery and Tree Production" industry received a PPP loan. These local businesses reported an average of 155 employees (compared to this company's 300) and received an average PPP loan of $1,455,696 (compared to this company's $2.85M).

Similar Nearby Businesses Who Received PPP Funding:

Central Coast Sod, Inc.
Santa Maria, CA

$64,435 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,010 businesses in the "Nursery and Tree Production" industry received a total of $426,483,038.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 18 employees, 94% lower than Plantel Nurseries Inc's reported 300 employees, and received an average PPP loan of $141,689, 95% lower than this company's loan of $2.85M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/plantel-nurseries-inc-santa-maria-ca